let us hope that events do not reach its logical destination and that the politicians hesitate before jumping off the edge
but given that the Neo-con / Neo-liberal bases of core supporters may not understand the full consequences of trade war carried to its logical end, we may end up where it is not so nice, a bifurcated world, that on average should do okay, but which side of the average may matter to many
- consequences to valuations
- market size
- market growth
- market flavour
- etc etc etc
- asymmetric nature of understanding scientific research as consequence of language divide
- arms & legs vs brains & internal competition
do not expect pole climbers to understand, never mind appreciate Message 31992829
so, in the mean time, encourage companies to come home or at least re-domcile to HK Message 31992773
try best to carry on systemic reform, and hitting corruption is a pre-requisite, and
go outward bound, OBOR, space, whatever
to set the scene to energise rural land reform and monetisation, that which should result in USD 250 trillion of collateral-good printing over 30-50 years
re land reform
- 2003 subject tee-ed up, Message 29283719
- 2017 refresh Message 31376080
- 2017 explanation Message 31414366
all interesting to view but hard to play, per de-in-screw-flation, anguish and pain, etc etc Message 31996007
unless comrade trump doubles down on bring down the house, so to speak and Powell shies away from dropping interest rate
should trump fail to keep office and vacate for pence, or Powell raises rate, maybe even more easy to play
should the neo-democrats take over, all bets are off until the market clears
let see, watch & brief
zerohedge.com
China Threatens To Pull Money From Silicon Valley: "Trade War Will Become A Tech War"
In the span of a day, China has gone from threatening to crash US markets if President Trump doesn't agree to a trade deal to helping the US rebut reports that trade talks weren't going as smoothly as President Trump and the Wall Street Journal had let on. During a press conference on Thursday, Ministry of Commerce Spokesman Gao Feng denied reports that a meeting involving high-level trade officials in Washington had been cancelled (the FT had cited US frustrations with China's reluctance to cave on demands relating to curbing IP theft and certain structural reforms) - backing up Larry Kudlow, who sparked a brief rally just before the close on Wednesday when he appeared on CNBC to deny these reports.
Kudlow said yesterday that the most important meeting, between a Chinese delegation led by Vice Premier Liu He, the country's top economic official, was still slated to take place in Washington next week.
But in the latest sign that the simmering tensions over the US's dispute with Huawei continue to spill over into trade talks, RT reported on Thursday that Beijing might cut off all Chinese funding to Silicon Valley after the US slapped an export ban on a Huawei subsidiary based in Silicon Valley.
The comments were made by Former PBOC Deputy Governor Zhu Min, who sat for an interview with CNBC.
His message was clear: The US's push to drive Huawei out of Western markets would have a negative impact on the trade negotiations. In addition to his former role at the PBOC, Zhu is also a former official at the IMF.
“I can tell you, after the Huawei events, all the Chinese money into Silicon Valley stops. And no US money will want to invest into China either,” Zhu Min told CNBC on the sidelines of the World Economic Forum (WEF) on Tuesday. He did not elaborate on what should happen to bring about such an outcome.
Min's comments followed remarks from Huawei Chairman Liang Hua, who told world leaders gathered in Davos that his company could shift away from Western countries if it continues to face restrictions.
Asked if it was possible for China to abruptly pull money from Silicon Valley, John Zhao, founder and chief executive of Hony Capital, said "by numbers, that seems to be the case."
"But it really suggests something that is much deeper than the number has started to show. First of all, it shows the interdependency that the world has built with each other...But it also suggests that while there are some short-term pains to be resolved, we need to have a long-term view," Zhao said, while speaking to CNBC’s Nancy Hungerford in Davos on Wednesday.
And just like that, Silicon Valley has once again found itself at the center of the trade war. |
